Finance minister Arun Jaitely presented the 2014–15 budget on 10 July, just 45 days after the formation of the government. He tempered expectations by saying that it would be wise not to expect much in the face of a two-year slowdown in the Indian economy. And indeed, research received 362.69 billion rupees (US$6.04 billion): a 4% increase over last year, compared with inflation of 8% (see ‘Budget allocations’).
The Department of Science and Technology (DST) has been given 35.44 billion rupees — an 11% jump — but other ministries have fared less well. For example, the allocation for the Department of Biotechnology has risen by just 0.9%, at 15.17 billion rupees. Space and atomic energy each saw roughly a 6% rise in this year’s budget.
| Budget allocations (millions of rupees) | 2013–14 | 2014–15 |
|---|---|---|
| Department of Atomic Energy | 98,330 | 104,460 |
| Department of Health Research | 10,080 | 10,177 |
| Department of Science and Technology | 31,843 | 35,440 |
| Department of Scientific and Industrial Research | 35,710 | 37,072 |
| Department of Biotechnology | 15,020 | 15,172 |
| Department of Space | 67,920 | 72,380 |
| Department of Agricultural Research and Education | 57,290 | 61,440 |
| Ministry of Earth Sciences | 16,900 | 16,990 |
| Ministry of New and Renewable Energy | 15,340 | 9,560 |
— source nature.com
We dont want science. Its all already there in Geetha. And if we really need some gadgets or medicine Americans and Israelis will give. We will pay. No issue.